Examlex
Which of the following is not correct? Using data from 2014,
Segregation Of Duties
An internal control method used to prevent fraud and errors, which involves dividing tasks and responsibilities among different people to ensure no single individual controls all aspects of a transaction.
Internal Controls
Mechanisms, rules, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
Computerized Systems
Electronic systems that use computers to manage, store, and process data, often used in modern accounting practices.
Reliable Financial Reporting
Financial reporting that accurately reflects an entity's financial performance and position, ensuring users can depend on the veracity and precision of the disclosed information.
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